The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: steve harris who wrote (229367)	11/18/2009 11:00:09 PM
From: neolib	Read Replies (1) of 306849

I dislike the GS-FED-Treasury links myself. But if GS were the only game in town it would be even worse. My point was not to defend GS. If you look at almost any large American corporation, they all mess in politics. From campaign donations, legislative lobbyists, to the fake research rolling out of their Think Tanks, its all a problem. But the problem is worse if you have clearly dominant players, unless those players happen to be run by CEO's who for some reason have adopted good civic behavior. Most of them have not it would appear. I'm sure there are examples of some very good ones. AFAIK, what GS did was perfectly legal. Shoveling shit out the door to dupes, and betting against it was allowed in our free market system. If you don't make something illegal or regulate it, people will figure out how to profit from it. No surprise. What I do find surprising is how many people can't figure that out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next